-Invincibly strong Governors
Rarely take the advice of more feeble men.
-And, head-strong world leaders
Who have not gotten their fill of death yet
Rarely lead their countries into peaceful situations.
-Take some advice from your neighborhood conspiracy theorist-
If there are only three or four ways to make money in the world
And the rest of us are going broke it may be time to put on your
Aluminum foil helmet and pray to gods that have not existed
For centuries.
-No one claims they enjoy violence in a violent world.
Yet, the violence exists- And it must be people that create it.
Wild animals kill for food, and out of fear.
Humans invented the sport of killing- And the show must go on
Even as the stage sinks beneath the floor.
-Every job you apply for, every woman or man you are hot for,
Every car or house you want to buy has already been fucked over
So many times it ain't even worth the effort.
-Lemons may be a good investment
When all the other fruit and vegetables
Have sold you out.
-Blame the media, blame the politicians, blame the people on the right, or left-
In the long run, whomever it is that feeds you, or picks you up off the ground
Is probably the person you should trust. -Unless, you believe the pen that signs
Your paycheck is more trustworthy than the knife, the fork, and the spoon
That literally put food in your mouth.
-Sell the car, sell the kids,
Invest in unpaid debt and overdue mortgages.
-Rush to the gas station when the price per gallon drops five cents.
-And, stop by when it raises twenty-
Because you can't afford not to get to work.
-I frequently appear more intoxicated than I really am.
-And, I often yell nonsensical things at inappropriate times.
-But, I've seem some depressing shit lately.
-And, I've decided I'm not scared of any of you motherfuckers.
-When I sense danger is real
I get quietly, quiet; and really close to the ground.
-And if you see me running down the street as if escaping from something
You maybe better run, too.
-Because I only run full speed when something is chasing me.
My Ten against your Five the same thing is after you, my friend.
Monday, September 15, 2008
Smart guy economist questions accuracy of Bush-appointed MORON
I have seen this time and time again. An intelligent economist attempts to warn people about the stability of their investments, and a fuck-face from the Federal Reserve, at the exact same time attempts to reassure everyone everything is fine. So keep spending, spending, spending people. And no, don't worry about your savings accounts. They'll be fine. Just like they told us the "slow-down" economy would rebound everyday, and the housing slump was just a trite, temporary inconvenience for homeowners.
This article below is taken cut an paste from the A.P.:
Top Economist: Americans Should Worry About Bank Deposits if Congress Doesn't ActPosted Sep 15, 2008 12:58pm EDT by Aaron Task in Investing, Recession, Banking
Related: LEH, MER, BAC, AIG, WM, ^DJI, ^GSPC
Updated from 12:58 p.m. EDT
With the "financial storm of the century" hitting financial institutions, many Americans are worried about the safety of their bank deposits. While the FDIC insures individual accounts up to $100,000, the reaction to IndyMac's failure this summer -- lines outside retail branches -- shows Americans have limited faith in the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000.
Update: "The banking system is safe and sound," Treasury Secretary Hank Paulson declared at a mid-afternoon press conference Monday, seeking to ameliorate such concerns.
"Nothing is more important than the stability and orderliness of our financial markets [and] regulators remain vigilant," Paulson continued. "We're working through a difficult period in our financial markets right now as we work of some of the past excesses, but the American people can remain confident in the soundness and resilience of our financial system."
But Americans are justified to be worried, says Nouriel Roubini, of NYU's Stern School and RGE Monitor, who notes there is already a "slow-motion run on retail banks" occurring nationwide.
That "run" could accelerate as people realize the FDIC fund has about $50 billion to "insure" about $1 trillion in assets at the nation's financial institutions, says Roubini. "They're going to run out of money" unless Congress acts soon to recapitalize the FDIC.
In addition, the recent spike in number of banks on the FDIC's "troubled list" is only through June, meaning even that inflated number understates the problem.
The intent here isn't to add to people's anxieties, but Roubini is one of the few market watchers to correctly predict the severity of this ongoing credit crisis. If nothing else, he says people with accounts exceeding $100,000 in value should spread their money - and the risk - among different firms.
One kind of solution to this problem, in my opinion, and other people's, is to withdraw from Iraq completely, invest in a long term solution to fighting Al Qada all over the world, starting first with Afghanistan, and Pakistan, and take the war money and invest it in our own infrastructure. Do you see what the warmongers from the right wing have done again? Nothing important on the Progressive Agenda, i.e.; universal health care, affordable housing, or even appropriate services for the disabled, and unemployed are going to be debated in the upcoming election. Instead, we will hear a debate about how Obama or McCain are going to shovel us out of the pile of this the Cheney-Bush families have left us in.
You know what I want for Christmas? My fucking country back! FUSHRUB!
This article below is taken cut an paste from the A.P.:
Top Economist: Americans Should Worry About Bank Deposits if Congress Doesn't ActPosted Sep 15, 2008 12:58pm EDT by Aaron Task in Investing, Recession, Banking
Related: LEH, MER, BAC, AIG, WM, ^DJI, ^GSPC
Updated from 12:58 p.m. EDT
With the "financial storm of the century" hitting financial institutions, many Americans are worried about the safety of their bank deposits. While the FDIC insures individual accounts up to $100,000, the reaction to IndyMac's failure this summer -- lines outside retail branches -- shows Americans have limited faith in the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000.
Update: "The banking system is safe and sound," Treasury Secretary Hank Paulson declared at a mid-afternoon press conference Monday, seeking to ameliorate such concerns.
"Nothing is more important than the stability and orderliness of our financial markets [and] regulators remain vigilant," Paulson continued. "We're working through a difficult period in our financial markets right now as we work of some of the past excesses, but the American people can remain confident in the soundness and resilience of our financial system."
But Americans are justified to be worried, says Nouriel Roubini, of NYU's Stern School and RGE Monitor, who notes there is already a "slow-motion run on retail banks" occurring nationwide.
That "run" could accelerate as people realize the FDIC fund has about $50 billion to "insure" about $1 trillion in assets at the nation's financial institutions, says Roubini. "They're going to run out of money" unless Congress acts soon to recapitalize the FDIC.
In addition, the recent spike in number of banks on the FDIC's "troubled list" is only through June, meaning even that inflated number understates the problem.
The intent here isn't to add to people's anxieties, but Roubini is one of the few market watchers to correctly predict the severity of this ongoing credit crisis. If nothing else, he says people with accounts exceeding $100,000 in value should spread their money - and the risk - among different firms.
One kind of solution to this problem, in my opinion, and other people's, is to withdraw from Iraq completely, invest in a long term solution to fighting Al Qada all over the world, starting first with Afghanistan, and Pakistan, and take the war money and invest it in our own infrastructure. Do you see what the warmongers from the right wing have done again? Nothing important on the Progressive Agenda, i.e.; universal health care, affordable housing, or even appropriate services for the disabled, and unemployed are going to be debated in the upcoming election. Instead, we will hear a debate about how Obama or McCain are going to shovel us out of the pile of this the Cheney-Bush families have left us in.
You know what I want for Christmas? My fucking country back! FUSHRUB!
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